Flippers get attached to their project homes just like any other home buyer. They might even be more engrossed in the process because it represents a return on investment. It involves purchasing a home at a lower value, fixing it up, and then selling it to a first-time home buyer.
To write an offer, one factors in the cost of materials, labor, and carrying and selling expenses. Which is precisely why a listing agent will receive a wild wide range of offers from potential flippers. Everybody is different. Some investors buy materials wholesale. Others hire low-cost labor. End values vary. It's all about estimating profit.
You can read more in my personal blog today and see a bunch of photos at this link: Looking to Flip a Probate Home in North Highlands?
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